Top Banner
#INBOUND16 THE MARKETER’S CHECKLIST FOR GOING GLOBAL What to do (and not to do) when entering a new market. Niti Shah, Senior Marketing Manager, HubSpot
61

Niti Shah - The Marketers Checklist for Going Global

Jan 22, 2018

Download

Business

INBOUND
Welcome message from author
This document is posted to help you gain knowledge. Please leave a comment to let me know what you think about it! Share it to your friends and learn new things together.
Transcript
Page 1: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16

THE MARKETER’S CHECKLIST FORGOING GLOBALWhat to do (and not to do)when entering a new market.

Niti Shah, Senior Marketing Manager, HubSpot

Page 2: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

the number of countries HubSpot has customers in.93.

Page 3: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16

Page 4: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16

WHY AM I STANDING UP HERE?

Page 5: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16

Page 6: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

1. How to decide where you’re taking your business

2. Which marketing activities to prioritize for a new region

3. How to work effectively as a global marketing team

4. Basic need-to-knows

AGENDA.

Page 7: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

1HOW TO DECIDE WHERE YOU’RE TAKING YOUR BUSINESS

Page 8: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16

The MARACA model is a framework that

provides a clear, at-a-glance view of the relative

value of a given country to your company, to

facilitate international strategy decisions.

Do the MARACA!

Nataly KellyVP International Ops & StrategyHubSpot

Page 9: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

MARKET AVAILABILITYHow much opportunity does this market offer?

Page 10: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

REAL-TIME ANALYTICSHow are we performing in this market?

Page 11: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

CUSTOMER ADDRESSABILITYHow easily can we address this market?

Page 12: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

OtherReally Big Stuff.

Page 13: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

OFFICE LOCATIONWill you be operating out of your headquarters or establishing a local office? Which functions will be run out of that office?

Page 14: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

REGIONAL TALENTIs there a large enough talent pool in the region that fits various teams’ requirements and culture?

Page 15: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

2 WHICH MARKETING ACTIVITIES TO PRIORITIZE

Page 16: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

KNOW YOUR METRICS.You need to know what you’re getting yourself into, which means you need some data.

Page 17: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

TRAFFIC• What countries are driving

traffic to your website?

• What sources in a region

contribute to traffic?

• What content is driving

regional traffic?

Page 18: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

LEADS• How many leads are you

currently generating in that

region?

• What topics and types of

content are generating leads?

Page 19: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

CUSTOMERS• What is your lead to customer

conversion rate in region?

• What traffic and lead sources

are resulting in the best (and

worst) customer close rates in

region?

Page 20: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

KICKSTART SMARKETING.Meet with the regional sales team ASAP.

Page 21: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

NOTHING ELSE MATTERS IF……Your marketing and sales teams

aren’t aligned.

Meet with regional sales managers

and set expectations and a Service

Level Agreement (SLA).

Page 22: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

TRIAGE FIRST• Address immediate blockers to

sales, such as lack of collateral

• Understand major influencers

in the sales process, such as

local business customs and

government incentives

Page 23: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

PERSONA RESEARCH.Your marketing can’t be one-size-fits-all:understand who your regional personas are.

Page 24: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

IDENTIFY KEY DIFFERENCES• Do local keyword research

• Read regional blogs and pubs

• Talk to existing customers

• Attend industry events

• Network with local companies

Page 25: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

HOW THEY CONSUME CONTENT• Where do they find their

content?

• What formats are most

popular?

Page 26: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

HOW THEY COMMUNICATE• Do they use email or

messenger tools such as

Whatsapp?

• What social media platforms

do they prefer?

• Memes or no memes?

Page 27: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

HOW THEY PURCHASE• How much online research do

they conduct?

• Is there an expectation of face-

to-face meetings?

• How important is guanxi?

Page 28: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

CREATE DIGITAL ESSENTIALS.Can you support multiple regions and languages on your website? What assets do you need to create?

Page 29: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

SALES COLLATERALMake sure your sales reps have

essential localized whitepapers

and resources they need to sell.

Page 30: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

TOP-LEVEL DOMAINIf you’re expanding into different

languages, you’ll want to use

country-specific top level

domains (TLDs) for that language.

Page 31: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

SEOConduct keyword research to

understand where your keywords

rank in local online search.

Create content to rank for local

search terms.

Page 32: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

BLOGCreate language-specific blogs

for secondary languages you’re

selling in.

This is the biggest organic lever

you can pull in a region.

Page 33: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

CONTENTDo an audit of existing content

and localize any that fit with your

new market.

When in doubt, repurpose!

Page 34: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

SOCIALDo you need local handles? Do

you have the resources to

maintain additional social?

Which networks are your ideal

customers on?

Page 35: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

ESTABLISH A LOCAL PRESENCE.Understand and integrate your company into the local industry landscape.

Page 36: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

PRHire a PR agency that has done

work in your industry in that

region, at least at the start.

Their connections will give you a

leg up with brand recognition.

Page 37: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

COMPETITORSWho are your competitors in the

region?

Some will be the same, but others

might be regional competitors

you’ll need to prepare for.

Page 38: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

INFLUENCERSWho are the influencers in your

region and industry?

Connect with them, involve them

in your content, webinars, and

events.

Page 39: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

COMARKETINGPARTNERSAre there local companies or

regional divisions of global

companies you could form

strategic partnerships with?

Page 40: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

EVENTS & NETWORKINGFind out what events are

happening in your regional

industry.

Cultivate thought-leadership

through speaking engagements.

Page 41: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

LEGAL STUFFDifferent countries have different

laws around IP and marketing

activities.

Running a contest? Check with

legal first!

Page 42: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

3 CREATING AN EFFECTIVE GLOBAL TEAM

Page 43: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

CREATE GLOBAL SYSTEMS.Set up effective communication and processes so teams can work across regions.

Page 44: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

OPERATIONS• Internal naming conventions

for your digital assets• Documentation of brand

guidelines, marketing processes

• Go-to troubleshooting resources

Page 45: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

COLLABORATION• Have a centralized location for

all teams’ resources

• Share team projects, research,

and experiments

• Regular check-ins for same

functions across regions

Page 46: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

OPEN ACCESS TO GLOBAL RESOURCES.Make sure regional teams don’t have to resort to hackymethods to get by.

Page 47: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

DON’T LOCKUP THE FANCY STUFFMake sure regional teams have

equal access to high-value

resources that might be in HQ,

such as design, video, and

developers.

Page 48: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

INCORPORATE FREELANCERSIt’s not always economical to share

resources from HQ due to

travel/equipment costs.

Budget freelancer costs for projects

that require resources beyond local

in-house capabilities.

Page 49: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

HIRE LOCAL.Who better knows the local market than a local?

Page 50: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

LEAD WITH LOCALSYou’re going to have a mix of expats and locals – but incorporate local hires into each level, especially management.

They’ll bring local perspective, and that’s invaluable to growth.

Page 51: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

CREATE A REGIONAL PIPELINE• Have a recruiter on the ground

• Attend networking events and

career fairs

• Incentivize local hires to refer

people in their networks

Page 52: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

MINIMIZE REGIONTHINK.Regional marketers need room to breathe and grow.

Page 53: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

LET REGIONS INNOVATEGive regional marketers autonomy and the ability to take the lead on global collaborations.

Just because you’re in a regional office doesn’t mean you can’t contribute to global goals.

Page 54: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

GIVE LOCAL EMPLOYEES AUTONOMYThe sad fact is most global orgs

bring in expats as leaders, who

then hire local teams to execute.

Try to foster leadership within a

region to create a strong culture.

Page 55: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

4 BASIC NEED-TO-KNOWS

Page 56: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

AMERICAN VERSUS BRITISH ENGLISH• It’s “zed” not “zee”• Use “s” instead of “z”

(personalise/optimise/agonise)• Use “ou” instead of “o”

(favourite, glamour, colour)• Stay away from American

idioms (baseball references)

Page 57: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

CULTURAL AWARENESS• Local business customs

• Cultural norms

• Social ettiquette

• Rules and laws

• Basic language skills

Page 58: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

HOUSE-KEEPING• Provide an immigration lawyer

• Choose serviced apartments in

residential areas for expats

• Know expat tax laws for new

country and back home

Page 59: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

GO WITH AN OPEN MINDYou’re bound to have your

perceptions and assumptions

turned upside down, and that’s

okay.

Going global is a journey, so

enjoy the ride.

Page 60: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16@nitifromboston

1. Market availability alone isn’t justification for expanding to a new country

2. Smarketing should be the most important focus of a regional marketing team

3. Create local personas: they’re not the same as they are back home

4. Prioritize which marketing activities to focus on first, repurpose what you can

5. Create global systems and give autonomy and responsibility to local teams

6. Be culturally aware and open to change

Takeaways.

Page 61: Niti Shah - The Marketers Checklist for Going Global

#INBOUND16

THANK YOU!@nitifromboston